According to Bloomberg, Hong Kong-based HashKey Group, Asia’s leading end-to-end digital asset management and finance house, is in preliminary discussions to raise up to $200 million, a move that could propel its valuation north of $1 billion, as Hong Kong emerges as a growing global crypto hub.
The company, with operations extending to Singapore and Tokyo, caters to a broad client base including institutions, family offices, and professional investors. The funding move is being interpreted as an affirmation of Hong Kong’s increasing relevance in the global digital asset space.
In January this year, HashKey Capital, a wing of HashKey Group specializing in crypto and blockchain, announced the successful closure of its third fund, HashKey FinTech Investment Fund III (“Fund III”). The fund secured total commitments of $500 million, underlining the group’s stature as a formidable player in the world of crypto finance.
Fund III, managed by HashKey FinTech Investment, an affiliate of HashKey Capital, saw significant participation from a broad range of investors including sovereign wealth funds, corporations, and family offices. This strong support underscores the group’s credibility and reinforces its position in the market.
As Hong Kong continues to promote its standing as a burgeoning crypto hub, the latest fundraising efforts of HashKey Group align well with this narrative. The proposed funding round, if successful, will not only boost HashKey’s market presence but also strengthen Hong Kong’s foothold in the international digital asset landscape.
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- Source: https://Blockchain.News/news/Hashkey-Group-Targets-1-Billion-Valuation-with-200-Million-Fundraising
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